Precious Metals Forum

Go Back   Precious Metals Forum > Precious Metals and Economic News > PM Bug

Reply
 
LinkBack Thread Tools
Old 02-27-2012, 07:24 AM   #1
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,086
Liked: 2456 times
Open interest in the paper metals

Turd says this week is going to be very significant for the paper traders:
Quote :
I hope you're ready. Everything that has transpired since May in silver and September in gold has led us to this moment. The next five to seven trading days will tell us everything. Either the metals will win their individual Battles Royale or they won't. If they win, price will accelerate to the upside. If they fail, the metals will likely settle into another sideways consolidation that lasts well into spring. ...
More (recommended): http://www.tfmetalsreport.com/blog/3...important-post

Last week saw a massive influx of new money and naked shorts by the banks into the paper market (for both gold and silver).

__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 02-27-2012, 07:41 AM   #2
Yellow Jacket
 
Join Date: Oct 2011
Posts: 2,053
Liked: 925 times
My gut tells me we're up for a significant correction.
Technically, pms are overbought, the dollar is oversold, stockmarkets are up for a correction too. Silver lease rates are falling. The 100 million oz of paper silver which were unloaded on friday are not a good sign either, maybe somebody frontran the market...
swissaustrian is offline   Reply With Quote
Old 04-03-2012, 03:25 PM   #3
Yellow Jacket
 
Penn's Avatar
 
Join Date: Apr 2012
Posts: 1,566
Liked: 249 times
I am no fan of paper. Stack physical.
Penn is offline   Reply With Quote
Old 04-03-2012, 03:27 PM   #4
Moderator
 
Join Date: Oct 2011
Posts: 1,059
Liked: 459 times
Originally Posted by Penn View Post:
I am no fan of paper. Stack physical.
That is a common sentiment. The open paper I like to stack are physical certificates in mining shares.
DSAbug is offline   Reply With Quote
Old 04-03-2012, 03:51 PM   #5
Super Moderator
 
benjamen's Avatar
 
Join Date: Mar 2012
Location: Migratory
Posts: 1,620
Liked: 685 times
Idea:

Stack physical and buy (Spot - 5%) puts on the same metal. If the price goes up, your stack being worth more fiat: be happy. If the price goes down, sell the put and buy physical at the new lower spot: be happy.
__________________
I drive men mad
For love of me,
Easily beaten,
Never free.

PMBug 101 *** Forum Rules
benjamen is offline   Reply With Quote
Old 04-03-2012, 08:39 PM   #6
Yellow Jacket
 
Penn's Avatar
 
Join Date: Apr 2012
Posts: 1,566
Liked: 249 times
Originally Posted by dereksatkinson View Post:
That is a common sentiment. The open paper I like to stack are physical certificates in mining shares.
Paper only for me. No fat fingers here.
Penn is offline   Reply With Quote
Old 04-03-2012, 08:50 PM   #7
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,086
Liked: 2456 times
No physical at all Penn? MF Global didn't set off any warning bells?
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Conflicts of interest at the Federal Reserve PMBug Fiat Ponzi 2 06-28-2012 09:56 AM
Inflation-protected Treasury securities trading with negative interest rates PMBug Fiat Ponzi 8 06-23-2012 08:32 PM
Paper margins cut. Bullish? DCFusor PM Bug 1 02-10-2012 06:05 PM
Sprott to open a bank without fractional reserve lending PMBug Fiat Ponzi 5 11-08-2011 11:21 PM
Europeans worry about interest rate manipulation PMBug Fiat Ponzi 1 10-19-2011 08:57 AM


All times are GMT -5. The time now is 02:06 PM.


Powered by vBulletin® from Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.
Content of PMBug.com copyright © 2011 - 2019 Measuring Up. All Rights Reserved.